Arthur Hayes: The key institution influencing the future of Bitcoin is the U.S. Treasury, not The Federal Reserve (FED).

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[Arthur Hayes: The key institution influencing the future of Bitcoin is the U.S. Department of the Treasury, not the Federal Reserve] CEX co-founder Arthur Hayes stated that it is the U.S. Department of the Treasury, rather than the Federal Reserve, that is the key institution affecting global liquidity and the future of Bitcoin. Hayes pointed out that the U.S. Treasury Secretary is managing the ever-expanding debt burden through repurchase and auction strategies, reshaping global Liquidity. The core focus of the market is whether the dollar Liquidity in the system continues to increase. Additionally, geopolitical factors will also drive the price of Bitcoin higher. He predicts that the upcoming trade agreement between the U.S. and China will be more symbolic than a substantial change. He disclosed that approximately 60%-65% of his portfolio is in Bitcoin, 20% in Ethereum (ETH), and the rest in "tokens with real functions."

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